- Russia has partly paused a retaliatory slowdown of Twitter Inc TWTR after the social media company complied with the country's regulations and deleted the content deemed illegal by Moscow, Reuters reports.
- Russia has also issued a warning about similar penalties for non-compliance by other U.S. internet platforms, including Facebook Inc FB and Alphabet Inc's GOOGL GOOG YouTube.
- State communications watchdog, Roskomnadzor had slowed down the Twitter speed since March for non-compliance of deleting inappropriate content. The watchdog also talked about the possibility of a permanent ban.
- Twitter started taking action in late April, albeit with a delay.
- Roskomnadzor no longer planned to block the service. However, the slowdown will continue on mobile devices.
- Since March, Twitter had removed 91% of banned content with only 563 of the blocked items accessible, down from almost 6,000 in total.
- Price action: TWTR shares traded higher by 1.56% at $52.54 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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